J&J Says No Developments in Justice Probe Over Baby Powder
12 Julho 2019 - 4:58PM
Dow Jones News
By Micah Maidenberg
Johnson & Johnson on Friday said there were no new
developments regarding a Justice Department probe into the
company's handling of talcum powder.
The company's statement followed a Bloomberg report that said
the U.S. was pursuing a criminal investigation into whether the
company lied about alleged cancer risks tied to talcum powder. The
story, which cited people familiar with the matter, reduced
J&J's share price by as much as 5.6% Friday.
J&J said in February that it had received a subpoena from
the Justice Department related to the baby powder. "The implication
that there has been a new development in this matter is flatly
wrong," a J&J spokesman said in a statement Friday.
Bloomberg didn't immediately respond to a request for comment.
J&J shares recently fell 4.2% to $134.15.
A grand jury is examining documents covering what executives at
the pharmaceutical and health-products company knew about
carcinogens in its products, the Bloomberg report said.
J&J has denied that the powder product contains asbestos or
causes cancer.
J&J's talcum powder, aimed at babies, is among New
Brunswick, N.J.,-based J&J's most recognizable products and one
of the few branded with the company's name. The powder accounts for
a fraction of its $81.6 billion in overall sales.
In May, a New York state court jury ordered the company to pay
$300 million in punitive damages to a woman who claimed her use of
its talc powder caused an asbestos-linked cancer.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
July 12, 2019 15:43 ET (19:43 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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